USDT
Tether Cancels Audit and Issues $300M More Tokens
Tether continues top stir up controversy as it cancels its audit and issues $300 million more worth of tethers. The thing with Tether is that it’s supposed to be backed up by US dollars in a one-to-one ratio. But no one has actually been able to confirm that those dollars in fact exist in […]
Tether printed 775M USDT after they received a Subpoena from the USA Government
Sister companies Tether and Bitfinex received a subpoena from the United States Commodity Futures Trading Commission on the 6th of December, it has become apparent that over 775M of Tether was created after the date of the subpoena’s delivery. This has deepened the mistrust of Tether and has impacted the Bitcoin price quite dramatically. Wich, […]
Will Tether burst the Bitcoin bubble?
Teather is unique cryptocurrency, it’s like a bridge between crypto and fiat. The idea behind Tether is for every 1 Tether that exists there is 1 USD to back it up. It is sitting in reserves somewhere in Tethers bank accounts, always ready for the redeem at 1:1 ratio. This makes Tether basically digital cash […]
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